Essay on Ibus 300 Notes

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Chapter 5: Ethics in International Business

* Opening Case: Exporting used batteries to Mexico * Business Ethics- accepted principles of right or wrong governing the conduct of businesspeople * Ethical Strategy- a course of action that does not violate a company’s business ethics * Ethical Issues in International Business * Employment practices * Nike * Human rights * General Motors in South Africa * Environmental Pollution * Global tragedy of the commons- when a resource is held in common by all, but owned by no one, and is overused by individuals, resulting in its degradation * Corruption * Daimler automotive (page 129) * Foreign Corrupt
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The drug lord problem * Utilitarian and Kantian Ethics (most moral philosophers see value) * Utilitarian Approach to Ethics- hold that moral worth of actions or practices is determined by their consequences * Cost-benefit analysis and risk assessment * Kantian Ethics- the belief that people should be treated as ends and never as means to the ends of others * Modern moral philosophers tend to view this as incomplete * Rights Theories- a twentieth-century theory that recognizes that human beings have fundamental rights and privileges that transcend national boundaries and cultures * Moral compass * Universal Declaration of Human Rights- a United Nations doctrine that lays down the basic principles of human rights that should be adhered to * All humans are born free and equal in dignity and rights; everyone has duties to the community in which alone the free and full development of his personality is possible * Nigeria case example * Justice Theories- focus on the attainment of a just distribution of economic goods and services * Just distribution- a distribution of goods and services that is considered fair and equitable * Valid principles of justice are those with which all persons would agree to if they could freely and impartially consider the situation *

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